Bloomberg Tax & Accounting Leased Assets

Built by accountants for accountants, Bloomberg Tax & Accounting Leased Assets provides accurate classification, accounting, and reporting for leased assets under the standards IFRS 16 and ASC 842. A SaaS solution, Leased Assets integrates with ERP systems and streamlines your workflow.

Bloomberg Tax & Accounting Leased Assets Features

• Transition Accounting from ASC 840 to ASC 842 and IAS 17 to
• IFRS 16 reduces the risk of errors and financial discrepancies.
• Automated Lease Classification of operating or finance leases
• streamlines adoption and transition.
• Accurate Calculations performed at a daily level, such as
• right-of-use (ROU) asset and lease liability, amortization, and
• interest expense, save time and enable flexible reporting.
• Audit Trail tracks changes by user and maintains a complete
• history of every action to keep you on solid ground.
• Auto-Generated Journal Entries cut down on manual entries,
• improve accuracy, and speed up reconciliation.
• Standard Reports provide robust yet concise information on
• your lease portfolio: payment data, amortization schedules,
• ASC 842 and IFRS 16 disclosures, and strategic insight to
• inform management.
• Flexible Entity Management lets you track leased assets by
• entity, consolidate entities into groups, and manage custom
• calendars such as 52/53 week years.
• Document Management centralizes lease documents, attaches
• documents to a lease record, and provides version history with
• an audit trail for better financial controls.
• Excel Add-in reduces implementation costs with bulk
• import, streamlined bulk updates to existing data, and quick
• extraction of data.
• Integration with ERP, GL, AR, lease management, and internal
• systems simplifies lease accounting and reporting across
• multiple business segments, legal entities, or business units.
• Experienced Professional Services staff is available to help
• you quickly migrate data from existing systems and get you
• up and running.